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Dec 19, 2012
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the cast of new york city ballet's production of the nutcracker at the nasdaq. habitat for humanity doing the honors there. certainly a lot to watch for. the euro is close to 133. 132.9 right now. that's signaling to the markets perhaps a risk on, after a two-month high in stocks yesterday, jim. >> a lot of companies had to caveat their quarters about what the strong dollar has done. we're not going to hear that next year at this time. we may hear that in the first quarter. a lot of companies, it took -- really took the wind out of the sails that you had in the currency problem. that goes away. the quarters are going to look much better. carl, you said 2013 could be different. and that is whae'reg to figure out. different in a lot of ways that seem positive. people confused at home, this is the fiscal cliff, is it the most important issue. how about a deal where you don't have too much belt tightening and you get the dollar going the right way, all this cash. >> a positive sign to that point, jim, is what we're seeing in the bond markets. we're finally seeing wh
the cast of new york city ballet's production of the nutcracker at the nasdaq. habitat for humanity doing the honors there. certainly a lot to watch for. the euro is close to 133. 132.9 right now. that's signaling to the markets perhaps a risk on, after a two-month high in stocks yesterday, jim. >> a lot of companies had to caveat their quarters about what the strong dollar has done. we're not going to hear that next year at this time. we may hear that in the first quarter. a lot of...
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Dec 24, 2012
12/12
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the fcc says that 30% to 40% of robberies in some of the biggest cities involve cell phones. in washington, d.c., they say it's 38%. in san francisco, police say it's nearly 50%. it's difficult to break out the numbers and break it down by brands, but police have confirmed that the best of apple products is a big business. they call it apple pigging. in new york city in september, the nypd reported theft of apple products was up 40% year over year, and they expect that number to rise over the holiday season. how can shoppers figure out if the devices they're buying are legitimate or stolen? apple phones have serial numbers. those can be traced, of course, if a phone was reported lost or stolen. they'll also be blocked from further use. experts actually say if you're buying used online you should ask for the serial number of the product. david? >> thanks very much, jackie. between hurricane sandy in october and the snowstorms out west over the last few days, people could have had a tough time getting out shopping over the last couple of months. how are retailers faring? well,
the fcc says that 30% to 40% of robberies in some of the biggest cities involve cell phones. in washington, d.c., they say it's 38%. in san francisco, police say it's nearly 50%. it's difficult to break out the numbers and break it down by brands, but police have confirmed that the best of apple products is a big business. they call it apple pigging. in new york city in september, the nypd reported theft of apple products was up 40% year over year, and they expect that number to rise over the...
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Dec 17, 2012
12/12
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only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. we've decided to we're all having such a great year in the gulf, put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a great time. especially in alabama. you mean mississippi. that's florida. say louisiana or there's no dessert. brought to you by bp and all of us who call the gulf home. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily
only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. we've decided to we're all having such a great year in the gulf, put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even...
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Dec 5, 2012
12/12
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interestingly this is the first move toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts are going to come from there. my 2013 predictions i said that group would slim down by half. interesting that they are cutting a big chunk of that group. global consumer banking is responsible for 35% of the cuts and then going on through the other business lines like citi holdings, those are responsible for smaller portion of those jobs. citi getting smaller. a billion dollars going to be the pretax charge in the fourth quarter of next year. 11,000 jobs a big move from the new ceo over there. carl? >> all right. thank you very much, kayla. we're reading through the release right now ourselves. big strategic move. >> how many people work at this ba
interestingly this is the first move toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts are going to come from there. my 2013 predictions i said that group...
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Dec 26, 2012
12/12
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it definitely rebounded. >> at the same time, david, some of the cities that had, you know, fair to best during the downturn are now showing some weakness, chicago and new york, the only two cities with negative returns in the month of october. what's going on in those two markets? >> well, i think the first thing to recognize is what you pointed out. they didn't have the incredible boom going on. so they've been a lot more classic. those are markets where i think there are some other concerns related to local economic base. new york is highly dependent on financial services. and financial services, despite the stock market, have not been doing as well as they might. and have seen a lot of slowness. and rumors of layoffs. so there are areas that are a bit weak. even with those, i think on a national basis housing continues to be very solid. >> would you anticipate, david, seeing any sort of impact in sort of a higher income areas, in states, california, the northeast, because of the fiscal cliff? do you think that's going to show up eventually in the data? >> actually, i think the bigger
it definitely rebounded. >> at the same time, david, some of the cities that had, you know, fair to best during the downturn are now showing some weakness, chicago and new york, the only two cities with negative returns in the month of october. what's going on in those two markets? >> well, i think the first thing to recognize is what you pointed out. they didn't have the incredible boom going on. so they've been a lot more classic. those are markets where i think there are some...
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Dec 28, 2012
12/12
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do you go where the geographic reach is broadest like a city? your favorite picks are goldman, some of the big center maxim right? >> citi certainly has an advantage in its position internationally as asia picks up citi is going to pick up. they're well positioned for that. goldman sachs certainly the leader on the investment banking side. we would put them in a portfolio. you can buy goldman today at a price below what the partners could buy it back when it was a partnership. go with it. >> interesting. provocative prediction. good to see you. happy 2013. >> thank you. >> brad hintz. the post christmas rush for retailers. gift cards, returns, exchanges. jane wells will break it down a little later on and of course we'll get you down to the close in europe about 11 minutes away. drum and flute" n look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!!
do you go where the geographic reach is broadest like a city? your favorite picks are goldman, some of the big center maxim right? >> citi certainly has an advantage in its position internationally as asia picks up citi is going to pick up. they're well positioned for that. goldman sachs certainly the leader on the investment banking side. we would put them in a portfolio. you can buy goldman today at a price below what the partners could buy it back when it was a partnership. go with it....
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Dec 20, 2012
12/12
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rick santelli here in the wonderful city of chicago. if fiscal responsibility was a religion, then i think that the world is engulfed in atheist economists. we have dr. kenneth rogoff on. he co-authored a working research paper titled "debt overhangs past and present" and his research is so enlightening. talks about going back to 1800. there have been 26 episodes where debt-to-gdp reached 90%. there is something magical about 90%. let's welcome dr. rogoff. welcome, sir. >> greetings. >> i would like to you give us a bit of a summary. in your paper you pretty much knock my views but you knock the john maynard kazen views as well. >> they don't matter that much and it's hard to show an effect on growth. but when your debt level gets over 90% or 100% of gdp, it's not a precise number but a good benchmark historically, it's associated with slower growth for a very long time. this doesn't happen that often. there are only a very limited number of ep soeds across advanced economies since 1800. a lot of these episodes were before we had social
rick santelli here in the wonderful city of chicago. if fiscal responsibility was a religion, then i think that the world is engulfed in atheist economists. we have dr. kenneth rogoff on. he co-authored a working research paper titled "debt overhangs past and present" and his research is so enlightening. talks about going back to 1800. there have been 26 episodes where debt-to-gdp reached 90%. there is something magical about 90%. let's welcome dr. rogoff. welcome, sir. >>...
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Dec 3, 2012
12/12
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where do you think vegas fits on that map, and what's the trajectory for the city on that front? >> it's the fastest growing part of everything we have been working on. two years ago, the vegas tech start-up scene was virtually nonexistent. and we've had several companies just ones i happen to know of, there's been ten tech start-up companies that relocated from other states to downtown vegas. so, for example, one of the companies is remotive. they make iphone-powered robots and moved to downtown vegas about a year ago, originally three people from seattle. they had considered silicon valley but then we recruited them to downtown vegas and now they're at about 20 people. and recently announced $5 million in funding from sequoia capital. so it's really happening here and it's pretty exciting to be part of it. >> yeah, and the city definitely needs it. that would be great if it could catch fire and sounds like it is. talk to me about retail. how did cybermonday go? how are you feeling about the season at large? there's been some discussion about how good the numbers looked overall
where do you think vegas fits on that map, and what's the trajectory for the city on that front? >> it's the fastest growing part of everything we have been working on. two years ago, the vegas tech start-up scene was virtually nonexistent. and we've had several companies just ones i happen to know of, there's been ten tech start-up companies that relocated from other states to downtown vegas. so, for example, one of the companies is remotive. they make iphone-powered robots and moved to...
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Dec 14, 2012
12/12
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>> the benefit to the city is if it's better for passengers, it's better for the city. >> how long do i have to stand with my arm out whilst taxis pass me with lights off? because someone hailed them halfway across manhattan? >> i think the main way people get taxis is the old-fashioned stick your hand in the air. especially during the day in midtown, downtown. i don't drivers will need this app to find passengers. there are plenty of passengers. this app will be most useful late at night, on the edges of the taxi service area. that way, a taxi knows there's somebody three, four blocks away. >> didn't they try this in the 1980s? wasn't it abandoned because it didn't work, because there weren't enough taxis to fulfill the plan to come through? >> in the old day, it was both by radio and street hail. then they created the black car and car service industry. but now, with technology, you can have a car do both of these, and they can figure out the most efficient way to operate themselves. you know, we think you let the market figure out what's the most efficient. >> you have to think, in
>> the benefit to the city is if it's better for passengers, it's better for the city. >> how long do i have to stand with my arm out whilst taxis pass me with lights off? because someone hailed them halfway across manhattan? >> i think the main way people get taxis is the old-fashioned stick your hand in the air. especially during the day in midtown, downtown. i don't drivers will need this app to find passengers. there are plenty of passengers. this app will be most useful...
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Dec 27, 2012
12/12
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city budge let's constrained and city got to raise money and the state of i will sill in quite a parlance state itself. >> got to get the revenues from some state, guy he is. >>> talk about the weather here, the winter storm working across much of the nation, still causing headaches in the northeast, expected to dump one to two feet of snow in some parts of maine and surrounding states today. the weather channel's eric fisher is live in lewis ton, maine, with the latest. hi, eric. >> good morning, melissa. hi there, every ebb. snow coming down a few hours ago, now ernest across maine that will continue all day long, many states touched by this winter storm, maine will be the last one in the lower 48 this all started back in west texas, a white christmas in amarillo and lubbock, folks doing shoveling here this holiday week, notice the visibility starting to go down, traffic has been light, all of the state offices are close here in maine for today. across all of this state, vermont, new hampshire, new york, dealing with the wintery weather. if you are a traveler, certainly not any good new
city budge let's constrained and city got to raise money and the state of i will sill in quite a parlance state itself. >> got to get the revenues from some state, guy he is. >>> talk about the weather here, the winter storm working across much of the nation, still causing headaches in the northeast, expected to dump one to two feet of snow in some parts of maine and surrounding states today. the weather channel's eric fisher is live in lewis ton, maine, with the latest. hi,...
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Dec 13, 2012
12/12
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of solar city lyndon rives is ceo and co-founder of the company. guys, great to see you. >> thank you for having us. >> lynn done, i will start it off with you this is a reduced offering, can you characterize what happened behind the scenes? did you see less demand for this offering and why the need to push this thing out of the gate right now? >> so, the fact that solarcity come out is quite amazing, it is best that we have a good product. we provide cheaper, cleaner energy. the solar sector has taken a beating and unfortunately, we have see received some of that but it is not based on today. it is based on what is the long term. and by us offering cheaper, cheaper electricity, you will see that fundamentally, that will change. >> all right. let's talk about long term then, because in your filing, you said that long-term growth is heavily dependent on government subdid sid disand clean energy policies and note the u.s. federal tax credit for solar projects with will fall 30% the cost of the system to 10% tend of 2016. >> i can't hear a word you're
of solar city lyndon rives is ceo and co-founder of the company. guys, great to see you. >> thank you for having us. >> lynn done, i will start it off with you this is a reduced offering, can you characterize what happened behind the scenes? did you see less demand for this offering and why the need to push this thing out of the gate right now? >> so, the fact that solarcity come out is quite amazing, it is best that we have a good product. we provide cheaper, cleaner energy....
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Dec 11, 2012
12/12
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the press conference taking place in new york city. there's richard anderson who has just taken the podium here in new york city. they're going to be announcing not only the outline of the terms of this deal but a little bit of the philosophy behind why delta is buying this stake. let's take a look at the terms of the deal. delta buying 49% stake in virgin atlantic. basically buying the singapore airline stake. that's $360 million is how much it's costing. the virgin atlantic brand remains. that's critical here. just a few minutes ago richard branson said ignore all the speculation that i'm going somewhere. i'm going nowhere. he plans to remain ceo of virgin atlantic. why is delta doing this? this is all about increasing exposure to the london market. specifically the slots at heath row. when you look at all the flights that are going to be added to the delta network through its alliance here with virgin atlantic from the new york market, this is very, very lucrative for delta. particularly when you're talking about the corporate custo
the press conference taking place in new york city. there's richard anderson who has just taken the podium here in new york city. they're going to be announcing not only the outline of the terms of this deal but a little bit of the philosophy behind why delta is buying this stake. let's take a look at the terms of the deal. delta buying 49% stake in virgin atlantic. basically buying the singapore airline stake. that's $360 million is how much it's costing. the virgin atlantic brand remains....